Tulsian told CNBC-TV18, "The way Bharti Airtel is behaving market is expecting that it will get quashed by the Supreme Court and if that happens I see that as a big positive, because the counter has been sitting quite short and if you recall last time also when the stock corrected it rebound or recovered from the level of Rs 278-280."
He further added, "In technical parlance that can be termed as a good support though we have seen it intraday correcting to about Rs 268-269 also. So that will be seen very positive and can make the stock to move to closer to about Rs 298-300 as the next resistance will be seen at Rs 300. For some reason if the Supreme Court does not give that relief, if the summons are not quashed off the 2G court, market will not be taking it too negative, because the kind of confidence which has been shown by the overseas investors into the company that corporate governance is very much within the place, they do not find any wrong doing by the company and all these things and these are just the regulatory moves which can go to the extreme extent also. So in that situation the share can correct by about Rs 10. As I said that the bottom of Rs 268-270 has been tested. So the risk reward is in favor of going long at this point of time on the hopes that the positive relief is going to be seen from the apex court."
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